U.S. spot Bitcoin ETFs experienced $325.7 million in net outflows on June 5, led by BlackRock’s IBIT with $213.7 million withdrawn, coinciding with Bitcoin’s price falling below the key $60,000 support level to around $59,100. Analysts link the outflows and price drop to a more hawkish Federal Reserve outlook, with expectations of rate hikes reversing earlier cuts, which has dampened investor sentiment and institutional demand. Technical indicators show Bitcoin is oversold and near a critical support zone, with potential for a relief rally if buyers defend $60,000, but failure to hold this level could lead to a deeper decline toward $55,000 or lower. The ongoing ETF outflows highlight fragile institutional demand amid broader market uncertainty and increased volatility ahead.
Bitcoin has dropped below its 200-week moving average and key support levels, including the February lows, signaling continued bearish control. However, it remains near a significant long-term rising trendline connecting past cycle lows, suggesting a...
Russia's central bank will restrict non-qualified retail investors to trading only Bitcoin, Ethereum, and USDT, citing high volatility and risk concerns. An annual investment limit of about 300,000 rubles per broker will apply to protect investors fr...
Arthur Hayes, co-founder of BitMEX, sold his entire Worldcoin (WLD) position on June 6 after initially supporting the AI-linked token. He had previously exited other altcoins like HYPE, NEAR, and ZEC within days, citing rising market volatility and m...
MicroStrategy's executive chairman Michael Saylor has dismissed rumors of an imminent margin call on the company's 713,000 Bitcoin holdings, despite Bitcoin trading below the average acquisition cost of about $75,699 per coin. The company’s debt is m...
Arthur Hayes, co-founder of BitMEX, sold his entire position in Worldcoin (WLD) shortly after publicly endorsing the token, leading to an 11% price drop and a $190 million market value loss. This move sparked criticism accusing Hayes of creating exit...
